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Fidelity MultiManager Cash to be merged with Fidelity Cash Fund


Fidelity Mutual Fund has announced merger of Fidelity MultiManager Cash with Fidelity Cash Fund with effect from July 10, 2009. The former is a liquid fund of funds (FoF), while the latter is a open ended liquid fund.

The aforesaid change is fundamental in nature and requires that investors be allowed to exit within a period of 30 days without any exit load being charged. Accordingly, investors under Fidelity MultiManager Cash Fund will be allowed to exit between June 03, 2009 to July 08, 2009 without any exit load.